Novogradac Introduction to Low-Income Housing Tax Credits
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Now in its sixth edition, this booklet is an introduction to the basics of the Low-Income Housing Tax Credit (LIHTC) incentive, updated to reflect the implementation of a minimum rate for the 4% LIHTC. The Introduction to Low-Income Housing Tax Credits provides a brief but substantive look into the background and structure of the LIHTC.
It gives readers an opportunity to learn the LIHTC players, credit types and how they are awarded, how to apply for credits, the role that bonds play, how the LIHTC is calculated, how transactions are financed and how to comply with LIHTC rules. The booklet is a primer for real estate professionals who are considering entering the world of LIHTC developments and a resource for the new hires at companies that have years of experience investing in, lending to, consulting for or producing affordable rental housing.
The sixth edition has been updated to reflect today’s LIHTC landscape and market conditions, including the effect of a permanent minimum 9% and 4% floors and the average-income test. The sixth edition also has updates on state caps, compliance regulations and more. Illustrations and charts have been updated.
